BingEx Limited, a leading on-demand dedicated courier service provider in China operating under the brand name "FlashEx," has announced its unaudited financial results for the second quarter ending June 30, 2025. The company reported revenues of RMB1,024.6 million ($143.0 million), a decrease from RMB1,176.7 million in the same period of 2024. Gross profit was RMB122.7 million ($17.1 million), slightly down from RMB127.0 million in the previous year, though the gross profit margin improved to 12.0% from 10.8%. Net income stood at RMB53.5 million ($7.5 million), compared to RMB59.1 million for the same quarter last year. The net income attributable to ordinary shareholders was also RMB53.5 million ($7.5 million), a significant increase from RMB22.3 million in the second quarter of 2024. Basic net earnings per ordinary share were reported as RMB0.26 ($0.04). The company experienced a decline in cost of revenues to RMB901.9 million ($125.9 million) from RMB1,049.8 million a year ago, in line with the decrease in revenues. Total operating expenses rose by 22.1% to RMB103.4 million ($14.4 million), driven primarily by increased share-based compensation expenses, leading to a rise in selling and marketing expenses to RMB48.2 million ($6.7 million). BingEx Limited did not provide any specific outlook or guidance for future quarters in this report.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bingex Limited published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9514659-en) on August 19, 2025, and is solely responsible for the information contained therein.
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